International Conveyors has acquired equity shares of Sheela Foam. The cost of acquisition is Rs 3.14 crore. A leader in Polyurethane (PU) Foam, Sheela Group is a multi-billion rupee entity. It has a nationwide presence in manufacturing PU Foam with a global marketing perspective and an impeccable track record, since 1971. Earlier, the company had acquired the equity shares of ‘La Opala RG’.
International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.
